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Preliminary Drill Results at Shinganda Project
Preliminary Drill Results at Shinganda Project.
About this update from Galileo Resources Plc
[{"type":"text","content":"\n \n \n \n \n \n \n \n \n For immediate release\n \n \n \n \n \n \n \n \n \n 20 July 2022\n \n \n \n \n Galileo Resources Plc\n \n \n \n \n (\"Galileo\" or \"the Company\")\n \n \n \n \n \n \n \n Preliminary Drill Results and Prospecting Update at\n \n \n \n \n Shinganda Copper-Gold Project, Zambia\n \n \n \n \n \n \n \n \n Galileo Resources plc (\"Galileo \"or the \"Company\") is pleased to provide preliminary drill results and a prospecting update over its' Option and Joint Venture project covering the Shinganda Copper-Gold (Cu-Au) Project, Zambia (the \"Project\"\n ) where the Company has the right to earn an initial 51% interest.\n \n \n \n \n \n \n Highlights\n \n \n \n ·\n Three of the four angled holes drilled at the Shinganda outcrop target for which copper assays have been received intersected shallow intervals of semi-massive hematite mineralisation with strongly disseminated copper\n \n \n ·\n Assay results include 50.3m @ 1.53% Cu from 21m downhole depth in SHDD002, with a sub-interval of 7m @ 4.36% Cu, including 2.0m @ 11.31% Cu. Gold assays are awaited\n \n \n ·\n Six angled diamond drill holes from surface totalling 963.9m have been completed in total to date; the current programme has been extended from the original plan for three holes due to the positive initial results\n \n \n ·\n The results so far support and exceed the results of a historically reported drill intercept at Shinganda which did not include gold assays (1.07% Cu over a true width of 28.3m)\n \n \n ·\n Previously reported mapping/prospecting traverses across the Shinganda licence area by Galileo (30th May 2022) identified nine targets which have been subjected to recent small-scale artisanal excavation. Rock grab sample assay results have returned strongly anomalous results for copper and gold from most of these, including 1.42% Cu, 3.14g/t Au from the Shinganda outcrop and 1.79% Cu, 10.19g/t Au & 3.77% Cu, 1.24g/t Au from other occurrences within the licence area\n \n \n ·\n The outcome of the prospecting, showing the presence of copper and gold mineralisation over an area of at least 12km x 6km on the Shinganda licence, points to the potential for several shallow copper-gold deposits on the property or for a potentially larger target\n \n \n \n \n \n \n \n \n \n \n Table 1 - Shinganda - Provisional DDH ...